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Originally Posted by Jerlene It depends on where you're from and what country you'll be keeping your money at.
I'm in the U.S. so if I decided to put my money into a Swiss bank, the U.S. couldn't charge me taxes. Of course I would need to pay fees, just like any other bank. |
Well, what you just described will be classified as tax evasion that is crime and is punishable. Even if IRS can not track your offshore bank account, you have obligation to report it and report any income you receive there.